Community Trust ScoreVerified
- Litecoin (LTC) Decent for Payments
- Bitcoin (BTC) Transactions are prohibitively expensive
- Lightning Network Liquidity and Connectivity
- BCH Stiff Competitor
- Dash Direct and Dash Pay Great in US
The news about spending Dash at hundreds of thousands of merchants across the US is a big news in the mainstream media. And there need to be no more excuses about using crypto for once.
Dash has this new payment network called Dash Direct. It is a non-custodial, user-controlled, retail app. And, it is accepted at 155K merchant outlets that permit users to pay with DashPay for everyday purchases. So, you can save tons of money using Dash by just paying for ordinary things. It is super interesting for anyone who uses crypto every day. The reach is good. This is probably going to be a great asset to your life. There are lots of positive reviews coming from the community.
Several stories of people who are actually spending their Dash are coming out. If someone pays attention, more will be coming.
One of the stories: “I’m a long time Dasher, and I have never been able to buy things except online, mostly airline tickets at cheap air. But today, I was actually able to use my Dash directly; I bought lunch for my sister and daughter and then proceeded to get some things at Home Depot. Awesome!”
So, DashDirect.org is a great way to spend crypto in real life.
Dash Official Twitter account posted a reminder that stated, before pitching crypto for payments, ask about fees, time to PERMANENT tx finality, scaling, security, and mining difficulty adjustment time. If PoW, Privacy, Decentralization, you’d be surprised how many coins rank poorly in some (or all) of these.
Litecoin LTC: Works decent for payments but has shown in 2018 to perform poorly under tx spikes, with dropped payments and fees going to almost $2! It takes ~2.5 minutes to get a confirmation, even longer before a price is considered secure (though never final).
Bitcoin BTC: Provides decent security, but transactions are prohibitively expensive and can take hours, if not days, to finalize, depending on the fee. Until confirmed (10mins upwards), transactions can be easily reversed (via RBF) and are never fully permanent.
Bitcoin Lightning Network: It can have low fees and fast (and scalable) transactions but is expensive and difficult to set up security risks, and has a very high failure rate. Your ability to send/receive funds depends on many factors, including liquidity, connectivity, etc.
Bitcoin Cash (BCH): is a pretty stiff competitor, with cheap transactions and high scaling potential. Still, transactions aren’t permanently finalized very quickly, and its relatively low SHA256 hashrate makes it possible to attack by a large mining pool.
